Thames are in big trouble. They’re in the front seat of this slow-motion car crash. Thames Water: Inside the Crisis I, comment, BBC 2025
We should be thoroughly outraged by this. We have been scammed. ibid. Fergal Sharkey
I’m working for a company that’s on its knees, and the people running it, seem to me like they’re running it into the ground. ibid. employee
The Good News: Profit: £140 million. The Bad News: Debt: £15 billion. ibid. caption
Thames Water says it will run out of money by next June. ibid. employee
Nobody comes to work to put shit in rivers. ibid.
Raw sewage overflowing into rivers and streams – these are the obvious signs of trouble at Thames Water. ibid. news
The system is stretched to the absolute maximum it can. ibid. employee
These storm tanks are 1935. ibid.
Last year, the amount of sewage in the River Thames quadrupled. ibid. news
The biggest thing that shocked me is that state of our sites. ibid. employee
Thames has catagorically underinvested. ibid.
Ofwat have labelled our plan inadequate. ibid. CEO
This whole industry has become nothing more than a legitimate rip-off. ibid. Fergal Sharkey
Unfortunately, we have seen a high number of fish kill. ibid. employee
Thames Water has run up debts of more than £15 billion, and wants to put up customer bills by more than 50%. Thames Water: Inside the Crisis II
Thames Water has received the biggest fine of £100 [£104] million. ibid. TV News
If we don’t get it sorted, we will end up polluting the Thames. ibid. employee
Things can go wrong very quickly. ibid.
Finding a route out of this, an investment is really important. ibid. director of communications
We’ve been spilling to the river for two weeks on the trot. ibid. Whitney works
A short-term cash loan of up to £3 billion has been extended to the company by creditors. ibid. comment
So the interest cost is a coupon of 9.75%. It is comparable to other transactions of this nature. ibid. CFO
Total debt: £18 billion. Estimated interest and fees: £800 million. ibid. captions
All the profits that the company made were paid out in dividends, particularly in a period between 2006-2017. ibid. comment
We’re not in a good place. ibid. employee